Moelis & Company (NYSE:MC) finished Friday with a subtraction of -$0.02 to close at $48.00, a downside of -0.04 percent. An average of 513,320 shares of common stock have been traded in the last five days. There was a fall of -$0.12 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 740,495 shares traded, while the 50-day average volume stands at 1,180,482.
MC stock has decreased by -1.01% in the last month. The company shares reached their 1-month lowest point of $45.25 on 07/27/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $33.12 and a high of $52.50 in 52 weeks. It has reached a new high 21 times so far this year and achieved 25.10% or $9.63 in price. In spite of this, the price is down -8.57% from the 52-week high.
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Insider Transactions
MC stock investors should be aware that Moelis & Company (MC) stock had its last reported insider trading activity 10 days ago on Aug 02. In this transaction, the insider spent $268,559. Chief Operating Officer, CRAIN ELIZABETH, disposed of 5,588 shares at a price of $48.10 on Jul 31. The insider now owns more than $268,783 worth of shares. Prior to that, Co-President, MD MAHMOODZADEGAN NAVID went on to Sale 23,323 shares at $43.05 each on Mar 03. An amount of $1,004,055 was transacted.
Valuation Metrics
Moelis & Company (MC) has a trailing price-to-earnings (P/E) ratio of 91.08. The stock’s beta is 1.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.24, the price-to-book (PB) ratio at 8.42.
The company has a payout ratio of 419.20%. The company’s most recent quarterly dividend payment was $0.60 a share, without any change from last year. Its latest decrease dividend $2.50 reported on Thursday February 10 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $216.1 million compared to revenue of $985.3 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$11.97 million in the quarter, while revenues of $3.67 million were grew 649.04%. The analyst consensus anticipated Moelis & Company’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.04, a -300.00% surprise. For the quarter, EBITDA amounted to -$7.65 million. At the end of the quarter ending June 29, Moelis & Company’s stock balance sheet showed total debt was $201.12 million. Shareholders own equity worth $71.06 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Moelis & Company (MC) price momentum. RSI 9-day as of the close on 11 August was 46.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.84%.
As of today, MC’s price is $48.00 -0.25% or -$0.12 from its 5-day moving average. MC is currently trading -1.11% lower than its 20-day SMA and +21.61% higher than its 100-day SMA. However, the stock’s current price level is +26.75% above the SMA50 and +19.40% above the SMA200.
The stochastic %K and %D were 36.83% and 36.87%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 37.93% and the average true range at 1.36, the RSI (14) stands at 51.06%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.74.
Analyst Ratings
Goldman downgraded Moelis & Company (NYSE: MC) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Moelis & Company (MC) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell MC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is MC’s price target for the next 12 months?
Analysts predict a range of price targets between $29.00 and $56.00, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for Moelis & Company (MC) stock is $41.20.
